As per lobby groups from medical device makers, the re-imposition of the levy stiffles will once again stifle growth in the sector and slash jobs. Despite opposition from the medical manufacturing industry and a section of U.S. lawmakers, the U.S…. Read More ›
Economy & Finance
Nippon Life Insurance – looking to diversify its revenue streams
Nippon Life Insurance’s move is in line with the insurance industry’s efforts to divert funds into foreign corporate bonds and alternative investments, however the rise of interest rates in the U.S. is likely to pose a challenge to its strategy… Read More ›
Siemens to crystalise the value of its healthcare business in first half of 2018
This will be Germany’s largest IPO since Deutsche Telekom’s in 1996. Ahead of Healthineers’ IPO scheduled for the first half of 2018, Siemen’s healthcare business, the German giant will test the appetite of sovereign wealth funds to secure anchor investments… Read More ›
Low Inflation In Germany A Headache For ECB As It Embarks On Reducing Its Fiscal Stimulus Program
As the European Central Bank attempts to gradually eliminate the stimulus programme, it is estimated that the bank would face some challenge next year indicated by the slow inflation rate in Germany. Germany’s Federal Statistics Office said yesterday that 1.6… Read More ›
Healthcare Startup Claims Of Offering Blockchain Based Healthcare Services For Seamless Delivery Of Services
The anticipated rise in the expenses for healthcare globally by 2.4% to 7.5% by 2020 is being proposed to be tackled by Healthureum which is a health-focused startup and its operations are based on the blockchain technology. Containment and reduction… Read More ›
First Yearly Gain Since 2012 Posted By Mexican Peso As It Belies Trump Fears
There were two very different sides for Mexico’s currency in 2017. The Mexican currency peso first rebounded from the lows that it had sunk into following the Trump effect after his election as the U.S. President and the apparent hostilities… Read More ›
Airbus Wins Orders For 50 Airbus Jets From China Aircraft Worth $5.42 Billion
China’s aviation market is slated to slide past and over the U.S. market to soon become the largest market in the world. And naturally there is a rising demand for aircrafts in this fast growing industry. To cater to that… Read More ›
Goldman Sachs picks Dublin for its asset management business post Brexit
Luxembourg and Dublin have emerged as favorites among firms who are shifting their European operations from Britain following Brexit. According to sources familiar with the matter at hand, Goldman Sachs has picked Dublin as a location for its administrative staff… Read More ›
China Aircraft Leasing Group Holdings Ltd to purchase 50 A320neo aircrafts from Airbus SE for $5.42 billion
The actual price that China Aircraft Leasing Group Holdings Ltd will pay however be lower than the aggregate list price of $5.42 billion, since it is a common practice in the aircraft industry to provide concessions to buyers. On Friday,… Read More ›
South Korea seizes Hong Kong-flagged vessel for supplying oil to North Korean vessels at mid-sea
South Korean officials have seized the vessel Lighthouse Winmore which they say transferred oil to North Korean vessels at mid-sea. An official from South Korea’s foreign ministry stated it has seized a Hong Kong flagged vessel suspected of transferring oil… Read More ›